MarketLine Blog

Posts written in April 2016

Tesla Model 3: Highly anticipated affordable vehicle, likely to see off competition

MarketLine

The enormous success and media interest that Tesla’s previous models have had and the influence and following of its charismatic engineer CEO, meant that the announcement of the new Model 3 in early April 2016 became very highly anticipated. Its Model S premium Sedan has been a triumph for the company with sales of the vehicle trumping sales of comparable sedans from the world’s great auto makers in many key markets. The next move for Tesla was to develop an affordable mass market vehicle which could make a significant impact… Read more

Under Armour issues new shares, underlying concerns persist

MarketLine

On March 16, 2016, Baltimore-based performance apparel giant Under Armour announced it was to issue new stock in the form of new Class C shares. The new shares, which do not carry voting rights, became ‘live’ on April 8, effectively halving the share price. These shares are traded under the ticker UA:C, while the Class A shares continue to float under UA on the NYSE. Both classes of these openly-traded shares exist alongside the company’s Class B shares, all of which are beneficially owned by founder and CEO Kevin Plank,… Read more